Submitted by DukeMBA (not verified) on Fri, 06/15/2012 - 1:56pm.
http://www.wilmingtonnc.gov/city_manager/special_projects/baseball/draft...
Economic Impact
Over 20 years, $172 million in direct spending; $13.5 million in new revenues for the city and county
Through multiplier effects, the team and ballpark would generate an estimated $248 million in total new output, including direct, indirect and induced spending. Sources for new revenues include lease payments, sales and property taxes, hotel taxes and admission taxes.
Back of the napkin ROI = ~35% over 20 years. I'm in!!!
Good for the owners and Great ROI for the City
http://www.wilmingtonnc.gov/city_manager/special_projects/baseball/draft...
Economic Impact
Over 20 years, $172 million in direct spending; $13.5 million in new revenues for the city and county
Through multiplier effects, the team and ballpark would generate an estimated $248 million in total new output, including direct, indirect and induced spending. Sources for new revenues include lease payments, sales and property taxes, hotel taxes and admission taxes.
Back of the napkin ROI = ~35% over 20 years. I'm in!!!